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alphabet reports strong earnings driven by cloud revenue and ai restructuring

Alphabet reported strong third-quarter earnings, with earnings per share at $2.12 and revenue of $88.27 billion, surpassing expectations. The company saw a 15% year-over-year revenue growth, driven by cloud revenue and YouTube ads, despite facing antitrust challenges and internal restructuring. Key leadership changes were made to enhance its AI capabilities amid increasing competition.
CNBC
United States Dollar Alphabet Inc. Amazon.com, Inc. Aqua Metals, Inc. Apple Inc. Microsoft Corporation USA Sundar Pichai Demis Hassabis Emily Chang Prabhakar Raghavan Nick Fox Show more
Technology & Innovation, Market Report
17:00 29.10.2024
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